from Thailand Privilege Services Update October 2024

Thailand Privilege membership holders are exempt from paying personal income tax in Thailand if they remit funds from a personal bank account abroad into a local bank account in Thailand and can provide proof that the money is not personal income in the same calendar year.

Additionally, if your country has a Double Tax Agreement (DTA) with Thailand, no tax is required in Thailand, even if the income is transferred within the same calendar year it was earned. For further clarification, please refer to the attached summary prepared by the Revenue Department.

Below are the contact details for the Revenue Department and our wealth management partners for any further inquiries:

The Revenue Department
90 Soi Phaholyothin 7, Phaholyothin road, Phayathai, Phayathai, Bangkok 10400
Location
Tel: 02 272 8000

Mandarin Accounting Law Firm
Contact person: Khun Beam
Tel. +66(0)80-626-1916 Email: mdrlawen@gmail.com / mandarinlawfirm@gmail.com

TNY Legal Co., Ltd
Contact person: Ms. Yuri Sato (Senior Legal Advisor)
Tel: +66(0)2-117-0798
Mobile: +66(0)87-280-4176 E-mail: yuris@tny-legal.com